Merger Update: LKQ/Uni-Select

CMA invites comments on car parts and garage equipment merger remedy:

The Competition and Markets Authority (CMA) has opened a consultation on undertakings proposed by LKQ Corporation to address competition concerns over its acquisition of Uni-Select Inc.

On 21 July 2023, the CMA announced that it would refer the acquisition for an in-depth investigation unless LKQ Corporation offered acceptable undertakings to address the CMA's concerns.

To address the CMA's concerns, LKQ Corporation has offered to divest the entire UK business of Uni-Select Inc.

On 28 July 2023, the CMA announced that it would look in detail at these undertakings. The CMA has until 2 October 2023 to consider whether to accept the undertakings, or a modified version of them. As part of this process, the CMA is now consulting publicly on whether the proposals are sufficient to address the CMA's competition concerns.

Before reaching a final decision, the CMA is therefore inviting interested parties to make their views known. The deadline for responses is 1 September 2023.

The consultation on the undertakings and all other information relating to this merger investigation can be found on the case page at https://www.gov.uk/cma-cases.

In the event of media enquiries please email Press@cma.gov.uk.